The purchase of the stocks and sauces business Oscar from the Paulig Group will boost Nestlé Professional’s presence in the ‘culinary flavours’ sector.
Oscar’s premium products and chef expertise will complement strong performers in the Nestlé Professional food portfolio like Chef and Maggi. Closing of this agreement is expected to take place by the end of 2011.
Nestlé Professional has achieved solid worldwide growth in 2011 with its innovative products and systems in both the beverages and the food parts of its business. Earlier this year the company invested €35m to extend its Erlenbacher factory in Germany.
It also opened a new Davigel Culinary Training and Expertise centre in France. Nestlé Professional’s super premium barista system Viaggi, launched first in France, is now being rolled out to other markets in Europe.
The new acquisition of this premium stocks and sauces operation gives Nestlé Professional an opportunity to expand its out-of-home food business in Denmark and Finland where the Oscar brand is used widely, and further afield.
Marc Caira, CEO for Nestlé Professional, said: “This acquisition positions us as a strong leader in this premium category, complementing the presence of our chef and Maggi brands.”
Source: Nestlé
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